FOMC

Satoshi

Bitcoin

Optimism

Billion

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin price trades above $96,000, amidst growing optimism for the future in the crypto market.</li> 
 <li>Yesterday, the US BTC ETFs recorded almost $676 million in inflows.</li> 
</ul> 
<p>Bitcoin’s price is getting back on track to the $100,000 important level, as the crypto market maintains optimism for upcoming crypto-friendly policies and Strategic Bitcoin Reserves in the US and abroad. Also, inflows in BTC ETFs signal continued institutional interest in the sector.</p> 
<p>The upcoming US Fed meeting scheduled for December 18, is worth watching as well, as the interest rate cut decision could impact the price of BTC.</p> 
<h2 id="bitcoin-price-holds-above-96-000">Bitcoin Price Holds Above $96,000</h2> 
<p>At the moment of writing this article, BTC is trading above $96,000, up by over 1% in the last 24 hours.&nbsp;The digital asset recorded a price dip on December 3 at $93,000 levels, ahead of a bounce back today.</p> 
<figure id="attachment_54417" aria-describedby="caption-attachment-54417" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726.jpeg"><img loading="lazy" decoding="async" class="wp-image-54417 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin Price Holds Above $96K, Amidst Market Optimism and $1B Inflows in BTC ETFs This Week 30" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/12/BTC_1D_graph_coinmarketcap-2024-12-04T095959.726-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-54417" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Institutional interest in Bitcoin and related products continues to remain strong as shown by the Bitcoin ETFs in the US.</p> 
<h2 id="btc-etfs-record-over-1-billion-inflows-this-week">BTC ETFs Record Over $1 Billion Inflows This Week</h2> 
<p>Regarding Bitcoin-related products, the US BTC ETFs saw inflows of over $1 billion this week. On December 3, the crypto products recorded inflows of almost $676 million, and on Monday, they saw influxes of over $363.6 million.</p> 
<p>Yesterday was the fourth consecutive inflow day for BTC ETFs since last week, on November 27. The total net assets locked in BTC ETFs as of yesterday were over $104 billion and the cumulative flows in the crypto products since their January launch are getting close to $32 billion, according to SoSoValue data.</p> 
<figure id="attachment_54418" aria-describedby="caption-attachment-54418" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue.png"><img loading="lazy" decoding="async" class="wp-image-54418 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue.png" alt="SoSoValue data" width="1371" height="531" title="Bitcoin Price Holds Above $96K, Amidst Market Optimism and $1B Inflows in BTC ETFs This Week 31" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue.png 1371w, https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue-300x116.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue-1024x397.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue-768x297.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue-750x290.png 750w, https://crypto.ro/en/wp-content/uploads/2024/12/sosovalue-1140x442.png 1140w" sizes="(max-width: 1371px) 100vw, 1371px"></a>
 <figcaption id="caption-attachment-54418" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>Optimism around Bitcoin and the crypto market remains strong ahead of the new upcoming Trump administration in the US. Prospects include more crypto-friendly policies and Strategic Bitcoin Reserves in the US.</p> 
<p>Recently, Satoshi Act Fund’s founder and CEO, Dennis Porter, confirmed that at least 10 states in the US will implement such BTC Reserves, with more to come.</p> 
<p>More factors suggest that Bitcoin continues to remain on track to the important market of $100,000, including the expectations from the upcoming FOMC meeting this month and <a href="https://crypto.ro/en/news/russias-president-vladimir-putin-has-officially-signed-bitcoin-and-crypto-tax-regulation-law/">global adoption</a>.</p> 
<h2 id="fomc-meeting-interest-rate-cut-expectations">FOMC Meeting Interest Rate Cut Expectations</h2> 
<p>The next FOMC meeting is in around two weeks, and <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="nofollow noopener" target="_blank">CME Group</a> reveals the likelihood that the Fed will cut interest rates again this year.</p> 
<p>According to their data, there is a probability of 73.8% of a 25 bps rate cut and a 26.2% probability of a 50 bps rate cut this month.</p> 
<figure id="attachment_54419" aria-describedby="caption-attachment-54419" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/cme.png"><img loading="lazy" decoding="async" class="wp-image-54419 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/cme.png" alt="CME Group data" width="1509" height="618" title="Bitcoin Price Holds Above $96K, Amidst Market Optimism and $1B Inflows in BTC ETFs This Week 32" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/cme.png 1509w, https://crypto.ro/en/wp-content/uploads/2024/12/cme-300x123.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/cme-1024x419.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/cme-768x315.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/cme-750x307.png 750w, https://crypto.ro/en/wp-content/uploads/2024/12/cme-1140x467.png 1140w" sizes="(max-width: 1509px) 100vw, 1509px"></a>
 <figcaption id="caption-attachment-54419" class="wp-caption-text">
  CME Group data
 </figcaption>
</figure> 
<p>FOMC meetings and interest rate cut decisions have historically been important for Bitcoin’s price as well, with decisions to cut interest rates boosting the coin’s price.</p>

Bitcoin Price Holds Above $96K, Amidst Market Optimism and $1B Inflows in BTC ETFs This Week

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